There is an interesting report (on here somewhere) regarding Old Gunnislake Mine and the resulting chaos caused by widely fluctuating water levels. I think the adit has about 7 bar behind it, which is enough to cause water to squirt out of the rock face under considerable pressure and the report talks of a rock burst being a possible scenario.
When you consider the amount of flooded stoping above this level and the volume of water it contains, the thought of the blockage clearing itself is quite mind blowing. If this were to happen, I wonder if there would be some special effects style phenomena on the surface.
I always wondered why there was not an attempt to cut the workings with a 5" bit, then either recommission the adit, or drill some significantly larger holes to permanently drain the workings. (given the houses above and the possibility of subsidence/etc). Either way, 7 bar is pretty gnarly and in a borehole situation with a wooden stopper, could fire it out like a cannon and probably discharge a surprising amount of water in a very short time!